Quote:
Originally Posted by Changing City
The bigger issue seems to me to be the much higher deductable. That means any strata owner 'responsible' for an insurance claim (overflowing bath, for example, or badly plumbed replacement dishwasher) then that owner could now be on the hook for a bill of $100,000. .
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Yes, then consider the multiplier effect of every year the possibility of something happening. Bottom line is owning a Condo will in all probability, over the long haul, become obscenely expensive.